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a look at the bond curve. spain, this will be a good proxy for now. we'll get the ten year for italy in just a second. 35.34% is the level there. u.s. benefiting from fund flows well. choppy trade across the picture here. let's look at the italian curve before we get the results later today. we are seeing green across the board, so yields dipping before that probably has more to do with the political rhetoric we're seeing especially coming from berlusconi. under 4.6% for the ten-year and on the short and two, a bit of a rally. finally, let's close taking a look at the forex. euro/dollar is weaker. and it's holding just above 1.30. and the dollar/yen, this is the one sixuan mentioned to watch. heading into japanese elections, stocks outperform adding oots .1% to 83.35 this morning. >>> south korea's central bank may be worried about factors in the economy, but the dok says the economy is stronger than it used to be. more on that next. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp o
. for example, on industrial orders and sales in italy, orders flat on the month, down .2 on the month for sales and down nearly 5% on the year. so confirming some of the weakness that we know we've seen previously in the italian economy. meanwhile, another gauge perhaps for the euro as we look to the strength of it lately. that's the current counselor plus which in october was an adjusted 3.9 billion euros, up quite a bit from the 2.5 billion reported for september. now that also comes after -- a day after the european union's report suggesting that in fact the european union would have to run a surplus, given its poor demographics over the next couple of years. now let's get a quick preview of the news. for that we head to patricia, awaiting the results. what do we expect to see? >> reporter: we're expecting the second consecutive month to the upside for the business sentiment next year in germany. november was a surprise after six months to the downside. we expect december to book in a little increase again, but important is here, not only the expectation part of the index but also that we ge
passage of the 2013 budget. the move raises political concerns over italy in the midst of the eurozone crisis. monti has been credited with keeping italy's debt crisis under control. the japanese economy has some gross domestic problems. japan's gdp has contracted two quarters in a row, signaling it has entered recession. a recent territorial dispute with the chinese government and struggles following last year's tsunami continue to hurt japan's export market. an election next week in japan could have a large effect on fiscal policy. reports say delta is close to landing a deal that will give the airline a 49% stake in virgin atlantic. bloomberg reports talks between delta and singapore airlines, which is looking to sell its stake in virgin, are advancing. the deal is estimated to cost between $300 and $500 million. it could mean a step up for delta's business, due to virgin atlantic's high volume of premium passengers. apple and google reportedly are forming a rather odd alliance. the two rivals are making a joint bid for a bundle of kodak patents. according to bloomberg news, the com
closing at 12:30. the nordic markets all closed for trades today. italy closed for trade. the smi closed for trade. we've got the ftse 1100 a couple of points higher. the cac and the ibex 35 just off marginal marginally, as well. i would like to show you what type of performance we've had on a year-to-date basis. rising somewhere in the region of 15% since the beginning of this year. you will note that we have had had a bit of a rally heading towards december. the question is whether we'll see that continue into next year. looking at a slightly broader base, the 600 index here, year-to-date higher by 15%, as well. europe's largest economy, the german market seeing some pretty significant gains as well as the dow jones stocks 50 up by 50%. so this brings its up, can it really continue next year? that's when you want to glance at barons, indicating over the weekend you could be looking at a rally. 20% next year. they singled out a number of stocks that they mentioned next year. by the way, andrew one look like one of the little elves in denmark dressed in my parents' garden. it's very swee
that means but italy has its own laws as you know, probably as well as anybody. but he wants -- he'd like to continue to run the show because he feels just like mario draghi that he's been very successful and he can't let go of the reins. now i understand that. but he doesn't want to run. >> he's been very successful and he tells us about that. >> right. >> he had his july 26th surprise between him and mario draghi but in the end as you pointed out off camera he doesn't want to lose. he's not going through the process in a way where he can lose. basically if you appoint me i'll take it. >> right. >> i think president obama or any politician in the u.s. would love to have those terms up. >> right. he wants the terms. no election. i don't want that process. i don't want the feeling of rejection but i'd like to continue in this path. italy has to make a decision and i think the big money will line up behind him. we see the reactions when berlusconi was on the rise for those two days the bond market got trashed again in italy and he's been out there talking this morning anyway. >> switching g
warrant to obtain the data and probably having lived in italy for nondisclosure of the investigation until such time as it was complete. so based on the tools available to them for the investigation, it really wouldn't matter pre-or post-amendment. they would've proceeded along the same lines regardless. >> host: we have one more question from brendan sasso. >> host: at the market the other day, chairman leahy said he's glad the past these changes and he looks forward to getting this passed into law and the next congress. there's not a chance of it happening this year. i'm wondering what needs to happen politically, what are the obstacles to passing it and i guess that would be next congress. >> guest: first it is important to remember how strong the coalition behind this legislation is. you've got the american civil liberties union, americans for tax reform, electronic frontierg foundation. you've got people across the political spec drum and 95 companies that might otherwise be suing each other sometimes. there's apple, microsoft, at&t,g intel, adobe, a lot of the largu companies in this
. the question is what going to become o of the circus known as the political situation in italy but really we do think futures will trade higher again. liz: thank you, john, good to see you. david: shares of diamond foods following double-digit lead. nicole petallides with details as to why. nicole: you think of diamond foods you think of the peanuts and the top-secret popcorn. it really is a household name they came up with numbers in the fourth quarter loss, not good news. that is why the stock was tanking today. all kinds of charges they had according to an accounting scandal investigation, that actually hit their numbers as well. this is why diamond foods was coming under some significant pressure today. back to you. david: president obama visiting a michigan auto plants today discussed in a fiscal crisis. our next guest argues in the long run they could see strong auto sales if ther there's no d% all. joining us now, edmunds.com chief economist. good to see you. how would we be better off if we go for the fiscal cliff at least in auto sales? @> we're better off because we're taking hard med
the road, which is rich coming from a european. >>> european trading the lower this morning. italy's prime minister mario monti, yes, the same one that is famous from all the anti-trust things back in the -- was that the '90s? >> the '90s, yeah. >> monti announcing he'll step down before his term ends. the decision comes after the party of sylvia berlusconi withdrew support for monti's government last week. berlusconi has indicated he will run for leadership again. cnbc's carolin roth will join us from italy with the latest in a few minutes. when i was over there, i had to have the -- all the political signs translated because there's a picture of monti sitting under a beach chair drinking a drink and all the text was send monti to the beach. they already didn't like him. >> he had very high disapproval ratings. i remember last summer i had seen that somewhere. >> they want to send him to the beach. the major european averages at this hour, there they, they're all down. not great in france, but germany down about .7% and the ftse down fractionally. other news out of europe, debt tieback fo
like steve jobs or leonardo in italy. they are not driven by desperation or worry. in fact, i think it is the pessimists who are the complacent ones these days because they are saying, you know this is as good as it can get. we cannot make it any better. we better be careful about modified foods in indicate they are worse than existing technology. i think this world is great. but it is a veil of tears compared to what we could achieve. >> and could achieve. so, thank you, matt ridley. coming up, who wants do go into space? soon we will all be able to go there. >> i talk about how innovation makes life better but where is the innovation coming from? politicians say from government. the big success story is america putting a man on the moon but think about it, yes, nasa put a man on the moon but they spent billions and have not been back in 40 years. by contrast, an organization called x prize is offering a prize and now a space ship launched three people into space. they won $10 million. there is another x prize offered for a private moon landing. here is a sample of the device of a
co om, they co from optimistic people living in rich people like steve jobs or leonardo in italy. they are not driven by desperation or worry. in fact, i think it is the pessimists who are the complacent ones these days because they are saying, you know this is as good as it can get. we cannot make it any better. we better be careful about modified foods in indicate they are worse than existing technology. i think this world is great. but it is a veil of tears compared to what we could achieve. >> and could achieve. so, thank you, matt ridley. coming up, who wants do go into space? soon we will all be able to go there. >> i talk about how innovation makes life better but where is the innovation coming from? politicians say from government. the big success story is america putting a man on the moon but think about it, yes, nasa put a man on the moon but they spent billions and have not been back in 40 years. by contrast, an organization called x prize is offering a prize and now a space ship launched three people into space. they won $10 million. there is another x prize offed for
,000. fears it could be devastating as the storm that killed more than 1200 people last year. >>> well, italy a painting by leonardo da vinci stolen decades ago has been returned. taken from naples back in 1940. it made its way to the black market and went through switzerland, germany, the united states before ending up in a museum in japan. the museum agreed to return it to italy after hammering out a joint custody agreement. >>> well, when we come back, the pictures that caught our attention. don't miss that. [ male announcer ] red lobster's crabfest ends soon. hurry in and try five succulent entrees, like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you on
and down morning here so far, investigators responding to political uncertainties in italy now the worry is leadership change would disrupt efforts to curb debt, that is a sensitive issue here with the fiscal cliff possibly approaching. tomorrow we did have the start of a two-day fed meeting, expected to possibly look at more economic stimulus. market diet, dow and nasdaq positive, s&p lower only by a -- fraction. bloomberg trading up a of a percent. skinny suits may be turning fat profits, jobs picture improves, retailers generating 25 to 30% of its business from the suits. if you are expecting a holiday gift from your employer don't get your hopes up. advertising specialty institute says the average gift will be worth about $42. gift cards and cash are most popular. live at the tphaepblg, i'm jane king. -- >>> nobody is getting that starbucks card $400 card. >>> good morning. here's a look at live doppler, keep the umbrella away you need sunglasses maybe short sleeves during the afternoon, temperatures near records in a few areas, still concerns, fairfield and santa rosa 3/4 mile visib
with italy up by about .2 of 1%. >> we'll do our best to keep focused on the business day. we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionaires. could this be the tipping point. moving the talks beyond deadlock. >> a big week for earnings. yes, earnings. fedex, research in motion among the companies reporting. so finally maybe we'll be talking about fundamentals in the stock market more than just the cliff. we've got to talk about apple reversing its move lower this morning, sold more than 2 million iphone 5s in china. the best debut for any iphone in t
people like sve jobs or leonardo in italy. ey are not driven by desperation or worry. in fact, i think it is the pessimists who are the complacent ones these days because they are saying, you knowthis is as good as it can get. we cannot make it any better. we better be careful about modified foods in indicate they are worse than existing technology. i think this world is great. but it is a veil of tears compared to what we could achieve. >> and could achieve. so, thank you, matt ridley. comingp, who wants do go into space? soon we will all be able to go there. copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increas
. >> the european markets are closing now. >> remember yesterday and all that concern we had about where italy might go with the resignation of mario monti. greece is higher. por sh gal is higher. spain is higher. it's a good day for -- investor sentiment.strongly it was revealed today. optimism over what the fed is going to do in the united states tomorrow. optimism there will be a deal on the fiscal cliff. you have optimism that the recapitalization of the banks is going to be delayed by another year according to the bank of italy. and you have optimism as well on mar of election promises as we now face the pros wekt of a much earlier election in italy. to that end it is fascinating. sylvia berlusconi has come out today warning about the germano center of politics. in other words, too much of a focus on what is happening from germany and the austerity inspired by angela merkel. in particular, he is drawing attention to this. which is the spread of the extra that investors demand to hold italian bonds over german bonds. i've shown this to you a couple times. over the last year it's been a mainstay
goes over the fiscal cliff but the real crunch time comes the next couple of days. >> italy schmidt has more from washington. >> it and then but i can't be enough. if that was the case and there the secretary of state announced the bthe in is fast approaching. >> the president still is not serious about dealing with this issue right here. it is this issue. spending. >> democrats countered there are plenty of presidential details it is just that the speaker is on willing to listen to them. >> the speaker cannot ignore the american people forever. at some point reality should set in. >> what is john boehner waiting for. >> democrats and republicans are to focus on and not increasing taxes for the wealth is americans. >> this is just not right. how does this make sense. when time is of the essence of the clock is ticking. >> congress is going home as of now the key negotiators are talking for at least one more time. in washington i believe it. >> we will be right back as the kron 4 morning news continues. a look at the golden gate bridge this morning were traffic is light. >> welcome back
politics going on. for example, italy. though there is a question of politics going on here, i guess. if we look at other issues, the euro currency has been up a little bit today. there are questions about the dollar index with the fed meeting. if you look at corporate barclays and both continues to super well behaved. not only are we looking for tax avoidance, we being businesses and corporations, but individuals looking for better yields than 1.614 i see on the current ten-year. tyler, back to you. >> rick, thank you very much. >>> one aspect of the fiscal cliff debate that hasn't been hardly noticed is the estate tax. how much gets taxed when the move is moved from one generation it the next? >> death and taxes may be certain, but the death tax as its called is in limbo. the reason, well, the fiscal cliff. the current rate is 35%. only those estates worth 5 million or more have to file. if we go off the cliff the rate shoots up to 55%. anyone worth an estate worth $1 million or more has it file. that will catch tens of thousands of tax payers in the net of the estate tax. republicans wan
. >> children has a higher risk people with chronic conditions like diabetes, heart problems, and italy. >> it people avoid giving the shot out of fear--the elderly. >> the injectable form of the flu is just a piece of the virus. it is really not possible for pieces of the virus to cause a full- fledged blue. kaiser and other pets places that this is the virus--the best thing. the vaccine. >> in oakland and medical marijuana dispensary has won the first round in its legal fight to stay open amid federal crackdowns. a judge rules last week that the landlord for harborside health centers cannot evict the shop despite the u.s. attorney's to seize the property. the landlord applies, she has caused the car beside out because it is engaging in illegal activity. but the justice because the state law allows nonprofit to distribute medical marijuana the klan does not hold up. another hearing bwill be hailed later this month about whether park side can continue growing and selling marijuana in the building. >> a new report out this morning shows that impact synthetic drugs that mimic a marijuana
overseas. the french tax authority removed computer files in italy. the tax police searched the come numbers milan offices. they say they don't believe they are paying their fair share of tax. that may or may not be true. but if it's legal how much can they do? >> reporter: it's perfectly legal. they investigated various companies and put pressure object them from a public relations standpoint. starbucks, for example, they weren't forced to hand over money but they were pressured into making a special payment of $10 million pounds, $16 million to the british chancellor of the exchequer. they did it for good p.r. maybe something similar will happen with google. they don't have to pay. they have done perfectly legal stuff. megyn: he reportedly turned down being treasury secretary, or the new secretary of business. he says it's called capitalism. we are proud to be capitalistic and i'm not confused about it. he helped america hint down usama bin laden. but now the family of this pakistani doctor say he's being tortured in a pakistani prison. the question is why are we not doing more to
wreck of the giant cruise ship costa concordia off the coast of italy. >> everybody was screaming out. all the passengers were running up and down. >> reporter: 32 people lost their lives. on an evening last february, 17-year-old trayvon martin was shot and killed in sanford, florida. >> he's been taken away from us. nothing can bring him back. >> osgood: neighborhood watch volunteer george zimmerman was charged with second degree murder. in march, the census bureau estimated that the world's population had hit the seven billion mark. up one billion from just 13 years ago. april saw the new one world trade center tower overtake the empire state building to become new york's tallest sky scraper. when completed it will be the tallest building in the united states. in may, people around the world were treated to a super moon. a full moon that looked all the larger because it was at its closest point to earth. in june, the supreme court upheld president obama's health care plan in a 5-4 ruling. >> 3:15 and 3:14 for a shooting at century theater. >> reporter: july saw a mass shooting at an
. for example italy managed to auction some debt today, the longer end of the market. and there was no great move. can we have a look at that? there was no great move of the ten-year yield as a result. maybe we'll come back in a moment. let's just focus on the close out. >> the european markets are closing now. >> it is negative territory as you can see. the fiscal cliff of course plays a part in that taking some of those -- in many senses you could call it profit taking -- not in the case of spain where you see a major underperformance. >> let me say the german finance minister suggested he thought the worst of the eurozone crisis is now past. he said the government in athens knows it cannot financially over burden the rest of the eurozone countries and is acting as it should. he was optimistic on france as well despite the fact the data is indicating we'll still get a contraction in the third quarter, for most of the eurozone. germany's economic position is arguably deteriorating but still schauble there is relatively optimistic that the crisis is over. in the meantime what is also happeni
with the disabled? >> again, well intended. all kinds of surprise unintended consequences. in europe again, italy is poor. you have 15 employees, fine. you have a 16th employee, must be disabled. have 51 flows, 7% must be disabled. it just cripples the flexible of the work force. well intended, but that's why they have riots there. >> steve: listen, europe is great because they have some wonderful food and some cheeses. but you're saying we should not base our policies on theirs because they're stinkers. >> we should base it on singapore where they have 1.9% unemployment and they don't have any minimum wage north texas laws against discrimination. it's a competitive market. that protects workers. >> steve: there's got to be a social safety net of sorts though, right? >> yes. and there will be if government doesn't provide all of it, the country will be so rich that private charity also provide much more. yes! absolutely! >> steve: what color is the 1960 in your world? check out johns to -- john stossel on the fox business. >>> next, a real life nativity scene, how these people are trying to save
loans were exactly the same at 4% a year in the u.k., spain, and italy. today the four rates are very different. ours has fallen markedly. rates have come in a great deal. i was -- that was the first pillar. the second is that policy would provide the vehicle for accommodating the stimulus to the economy. fiscal policy would be a head wind in terms of the movement of total demand. monetary policy would be accommodative and more importantly, would accommodate the sharp fall in the sterling exchange rate which had taken place between the end of 2007 and the beginning of 2009. that was a 25% fall in the average effective exchange rates of sterling against other currencies. the biggest since the second world war. and the monetary policy was to make sure that that gain in competitiveness was retained by ensuring that domestically generated inflation would remain stable. these pillars were thought to be consistent with the gradual recovery of the economy. what happened was we did not get a gradual recovery. we saw output being broadly flat over the past 2.5 years. it has been a zigzag patte
this morning with breaking news from italy. >> a massive cruise ship, the costa concordia, turned on its side after running aground in january. 32 passengers and crew were killed, the captain says it was an accident, not a crime, but he now faces charges. the ship's captain is being investigated for manslaughter and abandoning ship. he claims he tripped and fell into a lifeboat. the sentencing of jerry sandusky. >> carol, jerry sandusky will die in jail. >> a judge sentenced the 68-year-old former penn state assistant football coach to at least 30 years in jail after he was convicted of 45 counts of child sex abuse. despite the mountain of evidence against him, sandusky continues to proclaim his innocence. he's in the process of appealing his sentence. number three, the shooting of unarmed 17-year-old trayvon martin. >> my son left stanford, florida, in a body bag while george zimmerman went home to go to sleep in his own bed. >> accused gunman george zimmerman claims self-defense in a case that sparked international outrage and ignited racial tensions. trial is set for june. number two -- >>
and others died when the playplane crashed in the mountains between france and italy. it took decade toz recovery the wreckage. he was identified through dna testing. one oregon mom gets a special early christmas gift from her son. >> merry christmas. >> i can't believe it. >> gretchen: that is sailor jeremy fogul. his mom didn't think he would make it home. sue said the surprise means that because jeremy spent last christmas in afghanistan as well >> clayton: merry christmas to all of the brave men and women around the world. this debate is not going to go down soon. the debate over gun control in this country . this comes on the heels of what happened on friday whenways conference that was critized and he was set to go on meet the press this weekend and everybody was going to see if he would offer up a consession. he's not budging at all. >> if it is crazy to call for putting police and armed security in our scol call me crazy. i tell you what, i think the american people think it is crazy not to do it. it is the one thing that keeps people safe and the n ra will do that. we'll support
% but falling. it's also true of italy. there the yields are down. take a look at where we are on the ten year, 4.4% and those bonds rise in value, you see the italian banks, for example, rising in value. the stock market, it's obvious the value of their assets is gaining ground. other financials around europe, the likes of kbc, bank of ireland, a lot of questions to the degree the irish can get better terms for their bailout or deal as a result of what the greeks have been given. there is -- and carl mentioned this, one area of concern today, and that's the finance minister's meeting where the frie french and the germans seem at odds over how they're going to get banking union, the germans are saying it cannot -- the individual banks cannot all be controlled by the ecb, the french saying, yes, they should be. that's the german finance minister. they are very split. they will try to hammer out a deal again middle of next weak. we're close now to the summit, the full heads of state summit. by then they should have a banking deal. what's interesting is with the backstop of the ecb we'll buy bond
investors, not so sure. i wanted to show you the italian curve, italy and spanl wrapping up their fund-raising for the year. their auctions weren't all of that huge, but we are seeing yields fall, prices rise across the board as investors did show up. if we flip over to spain in particular, we can take a look at the three-year over here. a bid to cover ratio of 4.8%. one indication certainly of the kind of indications there are where the ecb is expected to be the most active if and when these countries have to access their bailout programs. now we're seeing prices in spain sell off a little bit. the ten-year, just under 5.4% is the level there. for the longer dated papers, investors are a little bit more wary. now, that news coming out of the euro group meeting, i wanted to show you the euro/dollar as we wrap up today's global market support. it's still down .1%, 1.3056. that would tell you that the resolution is largely priced in. now as focus moves into the start of next year, a couple of the key questions will be how much mario draghi follows ben bernan bernanke's caps, maybe even c
the cliff that is force austerity, that is firing people. look at spain when they got serious. italy. it meant a lot of firings. he says i see what we are going to do follow these countries that have fiscal responsibility a lot of people are going to be fired. don't worry, i'm going to do my best. what what are you going to do to keep people employed? >> keeping the heat on congress, came up a number of times, of course energy the press conference that followed the fed announcement but unclear what impact it will have. >> and as far as ben bernanke can do only so much he can do we all know the market's addition to the additional stimulus and the more -- increased transparency in terms of what the fed is going to target in the future, that causes the stocks to go up for maybe an hour's worth of time and then resume trading as if nothing happened. >> in the years i have been following the fed there is always a strange dichotomy, seems like the market initially gets everything wrong. but what i have always felt, in the end, we take solace, if the fed says things are getting better we ge
just said. the title to docket -- the was an incredible amount of it zaidi over that document. if italy comes up that the conversations i have -- an anxietyble amount of z over that document. it has come up in a lot of the conversations i have had. there was no evidence for the fcc to adjust at all. >> i had an entrepreneur thomas this week they are distressed. so many federal agencies are trying to solve problems that do not exist. i think there is a problem with that. mr. chairman, have you had discussions about a reclassification of broadband services via the title 2, if the fcc loses the dc circuit? >> no, we're for august on a framework that is in place and working -- we are focused on a remark that is in place and working. >> do you feel like you have the authority to reclassify broadband services under the title 2 and subject them to regulation? >> we do have that authority. >> when do you plan to close that title? >> we do not have plans to close it. we are seeing a sector that is very strong and growing and leading the world. >> you plan to just leave it open as long as you wan
't get them. i'm talking about bond markets. you see how spain, italy traded. so we're kind of nervous. the street is kind of out of paper so they can't screw it up right now. oh, shoot. i forgot to say hi to my mom! hi, mom! so that's important. because she'll get really mad if i don't. so, you have -- so you have -- >> you haven't said anything bad yet. it all sounds good. >> i'll tell you bad stuff if you want to hear it. >> no, we don't want to hear it. >> bottom line, joe, there's a trillion dollars, you got more money coming in of stimulus, and i got this market next year. so i got all kinds of different markets right now. i got credit markets which we know a lot about. we're really big equity guys, too. and i got equity markets like credit markets. i got credit markets that are so -- they're not -- i wouldn't say they're in bubble territory, but they're rich. and the spreads are at pretty good levels right now. you know, and i'll tell you how rich they are. you know this country, ivory coast, cote d'ivoire, to speak french although my french accent sucks, we bought this paper, i
, italy, france and the uk. this comes one day after a federal judge denied a request by apple to ban u.s. sales of samsung smart phone models. the devices in questions are the ones that a jury back in august say illegally used apple technology. at that time apple had been awarded $1.1 billion in damages. >>> the markets, dow looks like it will open up about $68 points higher. s&p up about 10 points, the nasdaq up 22.5 points coming on some of this news that we may be getting closer on the fiscal cliff. let's check out what's going on in asia. hang seng was down off marginally. shanghai composite up marginally and the nikkei up as well. quickly in europe, you can take a look at what's going on there. the ftse up about 0.38%. cac flat, and the german dax up about 0.5. >> the white house is proposing a new deal to avoid the fiscal cliff. let's get to steve liesman with more of the details. >> you're surprised, aren't you? >> isn't it happening. >> soon as they want it done they can do it. >> you said it this morning. it's a fictitious thing. we're going to show you the movement in just a
in italy, germany is down by .9%. >> of course, futures as you saw are taking a hit on concerns that a deal will not be reached to avert that fiscal cliff. an attempt by house speaker boehner to avoid that class and pass the so-called plan b tax bill. that failed. the measure that would have kept current tax rates for those making less than $1 million a year. it never even made it to the house floor. speaker boehner is scheduled to hold a news conference about an hour from now. of course, we'll bring that to you live. >> here we are. >> here we are once again. >> there was no real plan b. there was no real possibility of this. the republicans, the vast majority signed a pledge, they will not vote for tax increase. who would think they would suddenly turn around and vote for a tax increase. they pledged not to. >> the speaker said they might. >> i don't care. >> unless it's some sort of a plan to show how he's really -- you know, you've got to negotiate harder. because look what i'm dealing with. >> these guys -- do you suddenly think they're saying, all of a sudden we're for taxes. no tax i
in italy, at vatican city, the pope talked about this as well, paying special honor that in his homily in the masses at the vatican expressing his sadness and regret. when you look at a situation like this, we're trying to find answers and we don't have answers. police are trying to put everything together but there were heroic teachers who acted so bravely to save the lives of their students. so many of them coming their rescue. >> victoria soto probably one of of the best stories to emerge out of the horror there at sand hook. she was 27 years old, a dedicated young teacher, a beautiful young gwhat she appark all of the students and -- these details are still emerging. from what it appears she told her students to go in cubbies or cabinets and went the shooter approached her, she told the shooter her students were gone to the gym or library and paid for it with her life but protected the entire class. >> even people who don't know her heard the story of how her first graders were able to survive so at a vigil, people were talking about her. >> i didn't know her at all, but i'm a mom
grenade. oh, well. our premature exhilaration of the year. ricardo russo in italy celebrating his win. way to go. except for one minor detail. there was one lap to go. he finished 14th. our rabbit ears of the year in daytona. the music intern playing "three blind mice" for the umpires. not amused. throws the music guy out of the game. you're out of here. and here's our shot of the year. michael phelps decided to take up golf. he had this little gimme putt in scotland. ♪ >> wow. >> seriously? crazy. >> that's just not fair. he can't be good at everything. >> he has to be our athlete of the year. is there anything he can't do? >> he's incredible. >> clearly he should try golf next. >> thank you, lenny. >> never seen an organist thrown out of a game before. >> everybody, three cheers for lenny. >>> coming up next, "today's" take three. >>> good morning, it's 8:56 on friday, december 28th. i'm aaron gilchrist. get ready for another blast of wiptry weather and another storm making its way here. veronica johnson is tracking it. v.j. >> that snow will start falling around 2:00 or 3:00 in the mo
to go into the military. he became an outstanding member of the military. and in italy, he did -- there were exploits that he performed that won him the congressional medal of honor. and you don't get that unless you are an extraordinary human being. he took out an enemy position, a german position when he was hit again and again and again. he lost one of his arms, and he just kept going. and i wish he was still here today. i called him on the phone when i found out about that and i told him i never met him but i wanted to know that members of the house thought he was an extraordinary man and i'm sure he will be missed. i have been here 30 years and i'm retiring at the end of this term. and i thought i ought to have at least have a little bit of a swan song maybe five or 10 minutes and talk to my colleagues about what's happened over the 30 years. when i first came here, i was a very young man and i knew everything. you couldn't tell me anything. and now that i have been here 30 years, i realized i didn't know much of anything and i probably know less now than i did then. but t
[indiscernible] $750 billion came through and it was more aggressively priced than italy, spain, and portugal. that is where you create economic prosperity. the agencies are doing fantastic stuff but it will not create what we need on that continent. the marginal interventions are not going to create economic growth. we know how to create jobs, so instead of having large subsidy programs, start there. get rid of those programs and we can talk about economic growth. >> you can understand why they are the most prominent voices in the business. >> a look at social media and on line speech. this is half an hour. >> we are going to shift gears a bit. i took my tie off the war earlier this morning. first, there is wifi here. you should log on to the nyu guest account. user name is guest131. password is right there for you. we will talk about the use of social media. it has been on everyone's lips the last couple of years. we have wonderful guests that are known for their engagement with their audience. i predict we are going to hear a little bit of criticism and push back on some of the wisdom of s
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